SeaWorld Entertainment misses by $0.05, beats on revs (15.74)
- Reports Q4 (Dec) loss of $0.24 per share, $0.05 worse than the Capital IQ Consensus of ($0.19); revenues fell 0.8% year/year to $265.5 mln vs the $258.97 mln Capital IQ Consensus.
- Hosted approximately 4.26 million guests
- Fourth quarter attendance was down 2.7% from the prior year fourth quarter compared to full year 2017 attendance which was down 5.5% from prior year.
- Year-to-date 2018 trends are positive when compared to the prior year period with increases in season pass sales and total attendance, led by significant increases in both metrics at SeaWorld San Diego.
- Some New Rides for 2018:
- SeaWorld Orlando: Infinity Falls a river rapids raft ride with the highest vertical drop for a ride of its type in the U.S. and Inside Look, an event taking guests behind the scenes to provide a better understanding of the Company's veterinary care and animal rescue operations.
- SeaWorld San Diego: Electric Eel a triple-launch steel coaster that will be the tallest and fastest coaster in San Diego with speeds of more than 60 miles per hour; Sesame Parade, the first Sesame parade on the West Coast; and Inside Look.
- SeaWorld Orlando: Infinity Falls a river rapids raft ride with the highest vertical drop for a ride of its type in the U.S. and Inside Look, an event taking guests behind the scenes to provide a better understanding of the Company's veterinary care and animal rescue operations.